, Columnist
Microsoft Layoffs Won’t Be the Last for Tech
Further cuts are likely as the industry reckons with changing spending patterns and years of frothy spending.
Goodbye to good times?
Photographer: Jeenah Moon/Bloomberg
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Mass layoffs are one of the more painful consequences of a looming economic recession, and the high-flying and well-funded tech industry isn’t immune.
Microsoft Corp. on Monday provided an omen of what’s to come, when it confirmed that it had cut jobs across multiple divisions including its Xbox unit, numbering under 1,000 people. That pullback follows news last week that Intel Corp. was planning thousands of job cuts in the face of a slump in PC sales.